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IRCTC rises after LIC buys stake
09-Apr-21   14:16 Hrs IST

According to the latest shareholding pattern released on 9 April, LIC held 17,86,250 shares or 1.12% stake in IRCTC as of 31 March 2021.

Meanwhile, Indian Railways board chairman Suneet Sharma reportedly said that there are no plans to stop or curtail train services in the country. There is no shortage of trains for those who want to travel, he reportedly said.

IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. As of 31 March 2021, the Government of India held 67.4% stake in the company.

IRCTC's standalone net profit tanked 62.1% to Rs 78.09 crore on 68.7% fall in net sales to Rs 224.37 crore in Q3 December 2020 over Q3 December 2019.

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